FINANCE Secretary Benjamin Diokno said the country’s gross domestic product (GDP) growth in the second quarter of this year proves that the Philippine economy is moving steadily toward a robust resurgence and expansion. In his keynote speech during the Economic Journalists Association of the Philippines-San Miguel Corp. Economic Forum on Wednesday, Diokno said the three major sectors — agriculture (0.2 […]
Read MoreThai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the same period last year, but the combined investment value dropped by 42% year-on-year to 219.7 billion baht. According to the Board of Investment (BoI), investment applications in target industries accounted […]
Read MoreThe new International Land-Sea Trade Corridor between China’s western provinces and Asean member states saw 379,000 twenty-foot equivalent unit (TEU) containers transported in the first six months of this year, an increase of 33.4 percent year-on-year. Launched in 2017, the corridor is a trade and logistics passage jointly built by western Chinese provinces and Asean […]
Read MoreNumber of investments owned both by locals and foreigners has significantly increased in Cambodia, demanding skilled labourers in the sector, Prime Minister Hun Sen said. Having skilled labourers can attract investment both local and from abroad, the Prime Minister said at a graduation ceremony at the University of Puthisastra in Phnom Penh on Wednesday. He […]
Read MoreTMB Thanachart Bank (ttb) plans to focus on refinancing mortgage loans due to higher demand for this product amid rising interest rates. Following the Bank of Thailand’s recent policy rate hike, prime lending rates are set to gradually increase. Demand for refinanced housing loans is expected to rise, so ttb will focus more on this area, […]
Read MoreThailand’s economic growth is expected to accelerate in the third quarter after a weaker-than-expected second quarter as public investment spending increases along with a recovery in tourism, the finance minister said on Wednesday. Public investment had slowed in the second quarter because of pandemic restrictions but projects have resumed since July as the curbs were lifted, Arkhom […]
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